Tesla, the electric vehicle manufacturer, is now venturing into India’s industrial energy storage market. The company is hiring a business development lead to drive its entry into India for utility-scale energy storage, positioning it against established players like Tata Power, Adani Group, and Reliance Industries.
Tesla’s global energy portfolio includes Megapack for utility-scale batteries and Powerwall for residential batteries. The Powerwall system stores excess energy from solar setups, while Megapack delivers clean energy at a large scale. With the rising demand for energy storage in India due to the increasing installations of solar energy, Tesla aims to capitalize on this growing market.
In July, Tesla made its debut in India with the launch of the Tesla Model Y SUV. Now, the company’s expansion into the energy storage market signifies a strategic move to diversify its offerings in the country, marking a significant step for Tesla as it continues to broaden its presence beyond electric vehicles.
Source: Inc42 Media